CPGs Sustaining U.S. Packaging & Converting Machinery Shipments Growth

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US Packaging Machinery Shipments 2021

Shipments of packaging and converting machinery in the U.S. are growing, despite global setbacks like the COVID-19 pandemic and conflict in Ukraine, according to the PMMI State of the Industry U.S. Packaging Machinery report produced by PMMI, The Association for Packaging and Processing Technologies.

According to this year’s report and accompanying infographic, the value of domestic shipments for packaging machinery rose 11.2% to $10.5 billion in 2021 and is forecasted to grow at a CAGR of 5.4% to 12.9 billion in 2027. Similarly, the value of domestic shipments for converting machinery also increased-- by 9.5% to $1.1 billion in 2021, despite order backlogs in both categories increasing by double digits in 2021 compared to the end of 2020.

 

The demand for packaging machinery is largely driven by the increase in consumer goods demand, rise in adoption of automated packaging machines, and development of energy efficient machines. Advancements in electronics, computing technologies, and rising awareness of the inherent benefits of automation have encouraged numerous industries to embrace integrated packaging machinery solutions. As such, robotic packaging automation is poised to emerge as the future of packaging in the coming years in both primary and secondary packaging applications.

However, the topic of cybersecurity has emerged as a leading consideration due to new points of vulnerability as new technologies such as fully integrated enterprise resource planning (ERP) systems, remote access, and cloud computing and connected machine sensor networks continue to emerge and evolve. 

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